NasdaqCM:LOAN

Stock Analysis Report

Executive Summary

Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States.

Snowflake

Fundamentals

Acceptable track record with mediocre balance sheet.

Risks

  • Manhattan Bridge Capital is covered by less than 3 analysts.

Share Price & News

How has Manhattan Bridge Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

NasdaqCM:LOAN

-3.3%

US Mortgage REITs

-1.0%

US Market


1 Year Return

-7.4%

NasdaqCM:LOAN

-9.8%

US Mortgage REITs

-0.4%

US Market

LOAN outperformed the Mortgage REITs industry which returned -10.1% over the past year.

LOAN underperformed the Market in United States of America which returned -1.7% over the past year.


Share holder returns

LOANIndustryMarket
7 Day-0.6%-3.3%-1.0%
30 Day-2.2%-3.1%-3.3%
90 Day-0.6%-3.5%0.4%
1 Year-0.06%-7.4%0.4%-9.8%1.8%-0.4%
3 Year28.5%4.8%32.3%-4.6%39.4%30.4%
5 Year222.4%122.4%48.1%-15.1%54.2%37.1%

Price Volatility Vs. Market

How volatile is Manhattan Bridge Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Manhattan Bridge Capital undervalued based on future cash flows and its price relative to the stock market?

15%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Manhattan Bridge Capital's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Manhattan Bridge Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Manhattan Bridge Capital is overvalued based on earnings compared to the US Mortgage REITs industry average.

Manhattan Bridge Capital is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Manhattan Bridge Capital is poor value based on expected growth next year.


Price Based on Value of Assets

Manhattan Bridge Capital is overvalued based on assets compared to the US Mortgage REITs industry average.


Next Steps

Future Growth

How is Manhattan Bridge Capital expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Manhattan Bridge Capital is high growth as no revenue estimate data is available.

Manhattan Bridge Capital's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare Manhattan Bridge Capital's revenue growth to the United States of America market average as no estimate data is available.

Manhattan Bridge Capital's earnings growth is positive but not above the United States of America market average.

Manhattan Bridge Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Manhattan Bridge Capital will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Manhattan Bridge Capital performed over the past 5 years?

24.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Manhattan Bridge Capital has delivered over 20% year on year earnings growth in the past 5 years.

Manhattan Bridge Capital's 1-year earnings growth is less than its 5-year average (19.8% vs 24.1%)

Manhattan Bridge Capital's earnings growth has exceeded the US Mortgage REITs industry average in the past year (19.8% vs 5.2%).


Return on Equity

Manhattan Bridge Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Manhattan Bridge Capital used its assets more efficiently than the US Mortgage REITs industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Manhattan Bridge Capital improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Manhattan Bridge Capital's financial position?


Financial Position Analysis

Manhattan Bridge Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Manhattan Bridge Capital's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Manhattan Bridge Capital's level of debt (70.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (83.5% vs 70.1% today).

Debt is not well covered by operating cash flow (18.9%, less than 20% of total debt).

Unable to confirm if the interest payments on Manhattan Bridge Capital's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.4x debt.


Next Steps

Dividend

What is Manhattan Bridge Capital's current dividend yield, its reliability and sustainability?

7.79%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Manhattan Bridge Capital before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Manhattan Bridge Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).

Manhattan Bridge Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.9%).

Whilst dividend payments have been stable, Manhattan Bridge Capital has been paying a dividend for less than 10 years.

Dividend payments have increased, but Manhattan Bridge Capital only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Manhattan Bridge Capital's salary, the management and board of directors tenure and is there insider trading?

19.1yrs

Average board tenure


CEO

Assaf Ran (53yo)

30.6yrs

Tenure

US$392,150

Compensation

Mr. Assaf Ran founded Manhattan Bridge Capital, Inc. (formerly Dag Media Inc.) in 1989 and has been its Chairman, Chief Executive Officer and President since 1989. Mr. Ran has been the Chief Executive Offi ...


CEO Compensation Analysis

Assaf's remuneration is about average for companies of similar size in United States of America.

Assaf's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

19.1yrs

Average Tenure

52yo

Average Age

The average tenure for the Manhattan Bridge Capital board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Manhattan Bridge Capital individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$29,98604 Jun 19
Assaf Ran
EntityIndividual
Role
Founder
Chairman of the Board
Shares5,000
Max PriceUS$6.00
SellUS$33,35403 Apr 19
Lyron Bentovim
EntityIndividual
Role
Member of the Board of Directors
Shares5,100
Max PriceUS$6.54
BuyUS$27,08114 Dec 18
Assaf Ran
EntityIndividual
Role
Founder
Chairman of the Board
Shares5,000
Max PriceUS$5.42

Ownership Breakdown


Management Team

  • Assaf Ran (53yo)

    Founder

    • Tenure: 30.6yrs
    • Compensation: $392.15k
  • Vanessa Kao (41yo)

    CFO, VP

    • Tenure: 8.2yrs
    • Compensation: $167.11k

Board Members

  • Assaf Ran (53yo)

    Founder

    • Tenure: 30.6yrs
    • Compensation: $392.15k
  • Eran Goldshmit (52yo)

    Director

    • Tenure: 20.4yrs
    • Compensation: $9.00k
  • Michael Jackson (54yo)

    Director

    • Tenure: 19.1yrs
    • Compensation: $9.30k
  • Phil Michals (49yo)

    Director

    • Tenure: 0.2yrs
    • Compensation: $1.50k
  • Lyron Bentovim (49yo)

    Director

    • Tenure: 10.7yrs
    • Compensation: $9.00k

Company Information

Manhattan Bridge Capital, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manhattan Bridge Capital, Inc.
  • Ticker: LOAN
  • Exchange: NasdaqCM
  • Founded: 1989
  • Industry: mortgage reits
  • Sector: diversified financials
  • Market Cap: US$59.493m
  • Shares outstanding: 9.66m
  • Website: Click here

Number of Employees


Location

  • Manhattan Bridge Capital, Inc.
  • 60 Cutter Mill Road
  • Suite 205
  • Great Neck
  • New York
  • 11021
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LOANNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDMay 1999

Biography

Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 00:09
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.